Fairbanx Corp v Royal Bank of Canada, 2010 ONCA 385 (Ont CA), on appeal from 2009 CanLII 55376 (Ont SC)
Fairbanx factored accounts for the debtor, Friction Tecnology Consultants Inc. Fairbanx made its Ontario PPSA registration misspelling the name as Technology, with an “H”. Two years later, the debtor obtained a line of credit from the Bank, which correctly named the debtor in its Ontario PPSA registration.
Canada, Ontario, Banking, Insolvency & Restructuring, Litigation, Miller Thomson LLP, Bankruptcy, Credit (finance), Debtor, Consumer protection, Accounts receivable, Conveyancing, Line of credit, Royal Bank of Canada
No doubt by now, every creditor knows of the new protections given to employees in the face of a company’s insolvency as a result of the enactment of the Wage Earner Protection Program Act (“WEPPA”) and related amendments to the Bankruptcy and Insolvency Act (“BIA”) on July 7, 2008.
USA, Employment & Labor, Insolvency & Restructuring, Miller Thomson LLP, Wage, Bankruptcy, Debtor, Audit, Accounts receivable, Severance package, US Federal Government, Bankruptcy and Insolvency Act 1985 (Canada)